I think there is a difference between increased prices with the release of new hardware and increased prices of the same hardware during its life.

Even with the price increase from both companies gaming is still a pretty cheep hobby in money per hour of entertainment.

 Did exactly that. I built a PC with a GTX 4070 Ti. It's for playing strategy games and games that work better with mouse and keyboard. I'm canceling my PS Plus subscription. At this point is less expensive buy Baldurs Gate again on PC than keeping my PS Plus 

Physical is the reason why I have a huge library for my PS4. I used to buy lots of used games and change games too. The problem is PS5 don't have the same userbase, is way too expensive and even the games are more expensive. It might have a decent used market in maybe 4~5 years, but right now I'm playing 350 BRL for each game

PC really became the least expensive route. I'm using my BF library on Steam now and there are dozens of games to play now, I'll withhold of buying games for a while except for key releases

That's said I miss playing on the couch. After spending a day lookin to a monitor for work, It's relaxing to turn on the TV and play. 

Arn't there like ~11,300 PS4 games and like ~6k+ PS5 games?

Only 3 games look appealing to you?

Those 11,300 PS4 games don't count since I have a PS4. And from those 6k+ PS5 games a whopping total of three games is on my watch list, yes indeed. And I am pretty informed about video games, mind you. Still only three after four and a half years. Meanwhile the Switch 2 will give me three games that I want to have within the first two months already.

I'll be abandoning consoles altogether soon enough. My PS5 is now just a way to play Astro Bot for my daughter and plex server for my wife and I.

I can't justify purchasing games for multiple platforms anymore. Concerned about not having physical games on PC? Just buy your games on GOG and pull down the offline installer. Put it on as many flash drives/hard drives to your hearts content.

Now do the opposite thread, give us six reason why you are.

You forgot to mention that PS5 games are cheaper than Mario Kart World!

Not for long and not everywhere 

Uncharted waters? So that $10 fee to upgrade PS4 to PS5 version of games is what, donation for charity?

As a bonus, ditch Windows too and install Linux with Heroic launcher for your GOG games. Remember, you don't own Windows either, just a license to use it.